Bitcoin Needs To Prepare For The Attack From Banks and Governments

In it's short life, Bitcoin managed to survive against all odds

It kept grinding through Mt Gox's collapse. The flooded critics and doubters who declared it died over and over and over again. It surpassed an exchange and ICO ban from China. It has not suffered a major security breach, even though it is moving billions of dollars around the world in the blink of an eye, something almost no bigger company or government website may claim.

Bitcoin Needs To Prepare For The Attack From Banks and Governments

Cryptos have central powers scared.

All the people who benefited from the collateralized debt obligations while you lost your house got away with their crimes.

They didn’t just get away with it, you helped bail them out. You gave retirement packages to the biggest perpetrators who are now living in even bigger mansions and laughing.

Of course, it’s always the short-sighted and the wicked who try to stop new technology to make sure they maintain their own position at all costs.

It’s just that this time it won’t work.

Countries that stand against the blockchain will find that it blows back on them and punishes them severely, while the rest of the world roars past.

They won’t get to play in the new sandbox. They’ll watch as other economies leave them in the dust, armed with brand new financial technology that makes the snail speed of current fintech worthless.

And the people who robbed the world of its wealth and the dictators who crashed their economies and lived in palaces while their people starved will pay a terrible price.

The world won’t miss any of them.
_{Read more: thenextweb.com}

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The regulations will step in. Otherwise the world will need some sort of free land with no government and no regulations in order to give decentralized currencies "a go".
If the largest economies decide to ban or put the cryptos in tight frames, it wount hart them as badly as many think. It just seems so today, because we have seen 1000% gains in one week or sometimes couple of days. The reality is different.

My biggest concern is what we don't yet see coming. The launch of the futures contracts is a step in controlling price and seems to work in other markets, but its what you don't see coming that usually gets you.

brother actually the thing is crypto currency is not in control of any body so that why the governments of the different countries start the crackdown against the crypto currency

most of the big fishes uses the crypto currency for their own sake for example they are converting their black money into white money thats why government going to do this and there is also no any regulatory authority who control this

hope you will get my points

The attack was already begun by the prohibition of the cryptocurrency in different countries. This will not change anything in the future, whether we like it or not, the cryptocurrency is the currency of the future and the best reliable alternative to traditional currencies

I also believe that’s the future

the people united will never be defeated !!!

You are absolutely right. Sooner or later, banks and governments will understand the danger inherent in crypto-currencies, especially anonymous ones like Monero, Dash and Zec. Good luck to you and good.

Вы абсолютно правы. Рано или поздно банки и правительства поймут, какую опасность таят в себе криптовалюты, особенно анонимные, как Monero, Dash и Zec. Удачи Вам и добра.

Every small bump in the road ahead just leads to more victories in the future. Blockchain tech for the win! :D

Fully agreed. Any threat to central banks will be attacked. It will be interesting to see how this plays out. I’ve got my popcorn ready!

Crypto is definitely the future. It will only get better and bigger and finally, the government will only find a way to use it to their advantage.
You're awesome @tradewonk

I fully agree with you.
Very soon they will attack.